2014-07-15T08:38:31-05:00 2014-02-28 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2013-03-01 043511088 THE NATIONAL TRUST FOR SCOTLAND FOUNDATION USA INC NATI 6172277500 45 SCHOOL STREET 3RD FLOOR BOSTON MA 02108 HELEN SAYLES BOARD CHAIR 6172277500 2014-07-11 1 ALFONSO PERILLO P00950491 6172276161 2014-07-11 2013 2016-02-25 16:41:14Z HELEN SAYLES 45 SCHOOL STREET 3RD FLOOR BOSTON MA 02108 685829 0 X WWW.NTSUSA.ORG X 2000 MA THE FOUNDATION RAISES MONEY AND AUTHORIZES GRANTS TO PROMOTE AND PRESERVE SCOTTISH HERITAGE FOR FUTURE GENERATIONS THROUGH SUPPORT OF THE PROPERTIES OF HISTORIC SIGNIFICANCE AND NATURAL BEAUTY, AND OF THE EDUCATIONAL MISSION OF THE NATIONAL TRUST FOR SCOTLAND. 12 12 4 15 0 0 687785 481158 0 0 869 303 -116560 60776 572094 542237 241832 264105 0 0 247627 286728 0 0 142424 164884 163414 654343 714247 -82249 -172010 524301 397375 65068 110152 459233 287223 OUR MISSION IS TO RAISE FUNDS AND INCREASE MEMBERSHIP IN NATIONAL TRUST FOR SCOTLAND IN AMERICA TO SUPPORT THE PROPERTIES OF HISTORIC INTEREST AND NATURAL BEAUTY UNDER ITS CARE. 0 0 507528 264105 IN FY 2014, THE FOUNDATION MADE 18 GRANTS, TOTALING $264,105, TO THE NATIONAL TRUST FOR SCOTLAND. ALL OF THESE GRANTS WERE MADE FOR SPECIFIC PURPOSES INCLUDING: RE-THATCHING OF SOUTER JOHNNIE'S ALE HOUSE; CROFTING AT BALMACARA, REPAIRS AT HOLMWOOD; THE CULLODEN BLUNDERBUSS PROJECT, DRUM CASTLE STAIR RESTORATION; THE PRESIDENTS BALL; AMONG OTHERS. 507528 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY X JAMES HARE 6172277500 45 SCHOOL STREET 3RD FLOOR BOSTON MA 02108 MICHAEL SCOTT-MORTON DIRECTOR 0.50 X 0 0 0 KENNEDY PARK RICHARDSON TREASURER/DIRECTOR 1.00 X X 0 0 0 JEANNIE BECTON DIRECTOR 0.50 X 0 0 0 THOMAS HUBBARD DIRECTOR 0.50 X 0 0 0 KATE MAVOR DIRECTOR 0.50 X 0 0 0 NICHOLAS GLEYSTEEN DIRECTOR 0.50 X 0 0 0 HELEN SAYLES CHAIRMAN/DIRECTOR 6.00 X X 0 0 0 DONNA SCHINDERMAN DIRECTOR 0.50 X 0 0 0 MICHAEL HOLT MASSEY VICE-CHAIRMAN/DIRECTOR 1.00 X X 0 0 0 CHARLOTTE LYETH BURTON SECRETARY/DIRECTOR 0.50 X X 0 0 0 NAOMA TATE DIRECTOR 0.50 X 0 0 0 FRANCES COLBURN DIRECTOR 0.50 X 0 0 0 JAMES HARE EXECUTIVE DIRECTOR 40.00 X 97121 0 36086 97121 0 36086 0 0 0 0 0 22650 30990 427518 481158 303 303 9050 0 9050 9050 9050 185024 30990 135670 49354 49354 10294 7922 2372 2372 542237 2372 0 58707 264105 264105 137346 82408 17855 37083 124078 74447 16130 33501 6111 3667 794 1650 411 247 53 111 18782 11269 2442 5071 377 225 50 102 13622 13622 1658 1658 787 787 50797 25261 4314 21222 6687 4012 869 1806 34585 20751 4496 9338 17723 12296 1503 3924 FUNDRAISING EXPENSES 17685 17685 APPEALS EXPENSES 10179 509 509 9161 MAJOR DONOR CULTIVATION 9314 7544 1770 714247 507528 64295 142424 169031 306552 308140 52646 10122 486 34091 34774 8610 8610 0 0 2917 2917 524301 397375 9497 18375 55571 91777 65068 110152 X 369751 268220 89482 19003 459233 287223 524301 397375 -172010 0 X X 0 1 X 1 0 X 416573 337669 765170 644298 481158 2644868 416573 337669 765170 644298 481158 2644868 1185044 1459824 2806 9577 9574 11669 9353 42979 2687847 254503 0.54310 0.61300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89482 143875 214354 19003 19354 80294 10166 89482 61086 5000 46732 19354 86260 20000 45174 61086 132086 45826 86260 1.00000 0 0 8610 8610 0 0 X 550159 7922 7922 542237 0 542237 722169 7922 7922 714247 0 714247 PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS AT FEBRUARY 28, 2014 CONSISTED OF RESOURCES RESTRICTED FOR FUTURE PERIODS. PART X, LINE 2: THE FOUNDATION HAS EVALUATED THE TAX POSITIONS TAKEN ON RETURNS FOR OPEN YEARS AND THOSE EXPECTED TO BE TAKEN ON RETURNS FOR THE YEAR ENDED FEBRUARY 28, 2014. IT IS MANAGEMENT'S BELIEF THAT SUCH TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. ACCORDINGLY, NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. RETURNS FOR TAX YEARS BEGINNING WITH THOSE FILED FOR THE YEAR ENDED FEBRUARY 28, 2011 ARE OPEN TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,922. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 7,922. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 264105 0 0 0 0 0 0 264105 0 264105 EUROPE (INCLUDING ICELAND & GREENLAND) - SUPPORT THE HISTORIC PRESERVATION OF NATIONAL TRUST FOR SCOTLAND PROPERTIES 264105 CASH N/A N/A 1 0 0 0 0 0 0 0 PART I, LINE 2: THE FOUNDATION MAINTAINS RECORDS TO SUBSTANTIATE ALL GRANTS, INCLUDING THE AMOUNT AND PURPOSE OF EACH GRANT. THE FOUNDATION IS A "FRIENDS OF" ORGANIZATION THAT SUPPORTS THE NATIONAL TRUST FOR SCOTLAND. EACH GRANT IS INDIVIDUALLY MONITORED, TYPICALLY OVER A 12-MONTH PERIOD. THE FOUNDATION REQUIRES FROM THE GRANTEE, A LETTER OF WRITTEN ACCEPTANCE OF THE CONDITIONS OF THE GRANT, ON THE 12-MONTH ANNIVERSARY OF THE GRANT. A WRITTEN REPORT IS REQUIRED SUMMARIZING THE USE AND DISPOSITION OF THE GRANT. IN ADDITION, THE FOUNDATION MONITORS THROUGH PHONE CALLS, EMAILS, AND SITE VISITS, THE STATUS OF THE GRANT DURING THE 12-MONTH PERIOD. GRANTS OF LONGER PERIODS ARE MONITORED AS NEEDED, FOLLOWING THE PROTOCOL NOTED ABOVE. PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR THE EXPENDITURES. ANNUAL GALA 216014 30990 185024 4565 34330 22536 4018 70221 216014 30990 185024 4565 34330 22536 4018 70221 135670 49354 FORM 990, PART VI, SECTION B, LINE 11 THE FULL FORM 990 WAS FIRST REVIEWED BY THE TREASURER, NEXT REVIEWED BY THE FINANCE AND INVESTMENT COMMITTEES, AND FINALLY REVIEWED BY ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES EACH BOARD MEMBER TO COMPLETE AND SIGN AT EACH ANNUAL MEETING OF THE BOARD, THE "TRUSTEES' ETHICS, CONFLICTS, TRANSACTIONS QUESTIONNAIRE". IN ADDITION, THE TREASURER HAS BEEN APPOINTED AS THE TRUSTEE OFFICER TO OVERSEE COMPLIANCE, FROM BOTH STAFF AND TRUSTEES, TO THE FOUNDATION'S ETHICS AND CONFLICT OF INTEREST POLICY. THE TREASURER REVIEWS FINANCIAL TRANSACTIONS AND INVESTIGATES TRANSACTIONS TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS FOUR FULL TIME EMPLOYEES. COMPENSATION REVIEW WAS LAST UNDERTAKEN FOR THE EXECUTIVE DIRECTOR (TOP MANAGEMENT OFFICIAL) AND ASSOCIATE DIRECTOR FOR THE TAX YEAR ENDED FEBRUARY 28, 2014. FINAL APPROVAL OF COMPENSATION AS PART OF FY 2013-2014 BUDGET APPROVAL WAS MADE BY THE FULL BOARD OF TRUSTEES AT A MEETING ON APRIL 10, 2013. DISCUSSION AND DETERMINATIONS WERE REACHED AT AN EXECUTIVE SESSION, FROM WHICH THE EXECUTIVE DIRECTOR AND ASSISTANT DIRECTOR WERE EXCLUDED. ALL TRUSTEES SERVE IN SIMILAR VOLUNTARY AND SUPERVISORY CAPACITIES FOR OTHER NON-PROFITS. ALL TRUSTEES POSSESS PERSONAL KNOWLEDGE OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. IN ADDITION, ALL TRUSTEES ARE INDEPENDENT PERSONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. THE FOUNDATION WILL PROVIDE THESE FREE OF CHARGE IN ELECTRONIC FILES OR FOR A MINIMAL COPYING CHARGE, IN HARD COPY. THE FOUNDATION REQUIRES 48 HOURS OR 2 BUSINESS DAYS. (WHICHEVER PROVIDES MORE TIME) FOR FULFILLMENT OF SUCH A REQUEST. FORM 990, PART XII, LINE 2C THE FINANCE AND INVESTMENT COMMITTEE REVIEWS AND OVERSEES THE AUDIT PROCESS. THE BOARD OF TRUSTEES HAS FINAL RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.